-
(With Video) Tenda Atacado: Providing Credit, Business Services to a Network of BoP-Focused Stores Across São Paulo
In São Paulo, more than 60 percent of microenterprises fail within the first five years—often due to lack of access to credit. The failure rate for small businesses in developed countries is about the same, but not for the same reasons, of course. Most small entrepreneurs in Brazil are excluded from the financial system: banks are reluctant to lend them in the absence of credit history, depriving them from access to financial services or credit to grow their businesses.
This is where Tenda Atacado Ltda, a retailer and wholesale distributor in the state of Sao Paulo, enters this story.- Categories
- Uncategorized
